Melrose Industries PLC (MRO) Rating Reiterated by Peel Hunt
Peel Hunt reissued their buy rating on shares of Melrose Industries PLC (LON:MRO) in a research report sent to investors on Wednesday. The brokerage currently has a GBX 240 ($3.10) price target on the stock.
Several other analysts have also recently commented on the company. J P Morgan Chase & Co lowered their price target on Melrose Industries PLC from GBX 250 ($3.23) to GBX 230 ($2.97) and set an overweight rating for the company in a report on Tuesday, July 4th. BNP Paribas cut Melrose Industries PLC to a neutral rating and set a GBX 250 ($3.23) price target for the company. in a report on Tuesday, July 18th. Liberum Capital restated a buy rating and issued a GBX 260 ($3.36) price target on shares of Melrose Industries PLC in a report on Thursday, May 11th. Beaufort Securities restated a buy rating on shares of Melrose Industries PLC in a report on Friday, May 12th. Finally, Deutsche Bank AG restated a hold rating on shares of Melrose Industries PLC in a report on Monday, July 10th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 260.91 ($3.37).
Melrose Industries PLC (LON:MRO) opened at 212.50 on Wednesday. Melrose Industries PLC has a 52-week low of GBX 155.75 and a 52-week high of GBX 261.70. The firm has a 50-day moving average of GBX 229.07 and a 200-day moving average of GBX 233.15. The firm’s market cap is GBX 4.01 billion.
Melrose Industries PLC (LON:MRO) last posted its quarterly earnings results on Thursday, August 31st. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Melrose Industries PLC had a negative return on equity of 4.57% and a negative net margin of 3.85%. Equities analysts anticipate that Melrose Industries PLC will post $10.31 EPS for the current year.
The company also recently disclosed a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 7th will be paid a GBX 1.40 ($0.02) dividend. This represents a dividend yield of 0.64%. The ex-dividend date is Thursday, September 7th.
In other news, insider David Alexander Roper sold 2,000,000 shares of Melrose Industries PLC stock in a transaction dated Monday, June 26th. The stock was sold at an average price of GBX 255 ($3.29), for a total value of £5,100,000 ($6,586,594.34).
About Melrose Industries PLC
Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.
Receive News & Stock Ratings for Melrose Industries PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries PLC and related stocks with our FREE daily email newsletter.